The FDIC has approved eight applications for deposit insurance in the past year — a number of de novo approvals exceeding the total of new charters granted from 2010 to 2016 — said FDIC Chairman Martin Gruenberg in Springfield, Ill., today
Browsing: Bank consolidation
Meet ABA Treasurer George Hermann, an optimistic ambassador for mutual community banks.
In a New York Times letter today responding to exaggerated claims about bankers’ regulatory relief efforts, ABA President and CEO Rob Nichols made clear that the policy changes bankers are seeking are “common-sense reforms that can ease the regulatory burden responsibly and allow banks of all sizes to better serve their customers and communities.”
Americans overwhelmingly believe that our economy needs banks of all sizes, and a majority is concerned about the falling number of banks, according to a recent survey conducted for ABA by polling company Morning Consult.